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- โ Delta Hits Bonanza Grade In Canada
โ Delta Hits Bonanza Grade In Canada
PLUS: Only One Mineral Green Today
Greetings Contrarian,
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This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and wish copper hadnโt completely pooped the bed.
Here are the highlights:
๐ตSeabridge Gets Big Cheque From Sprott
๐ฅ Calibre Hits Solid Intercepts
๐ค๐ผ Delta Hits Bonanza Grade in Canada
โ๐ผ Best Copper Intercepts
๐ต Seabridge Gets Big Cheque From Sprott
Under the agreement, Sprott will pay $150 million to KSM Mining and receive a 1.2% net smelter royalty on Seabridge's KSM project in British Columbia, Canada.
The funds will be used to advance the KSM project and obtain government approval.
Seabridge aims to achieve the "substantially started" designation, complete key tasks for construction readiness, and enhance the project's value.
The royalty agreement includes options for KSM Mining to buy back a portion of the royalty and make quarterly payments to Sprott.
๐ฅ Calibre Hits Solid Intercepts
Highlights:
12.9 g/t Au over 8.5 metres Estimated True Width (โETWโ) including 23.30 g/t Au over 1.6 metres ETW and 35.50 g/t Au over 1.24 metres ETW in Hole BL-23-097;
10.61 g/t Au over 7.2 metres ETW including 27.47 g/t Au over 2.3 metres ETW in Hole BL-23-099;
7.1 g/t Au over 5.0 metres ETW including 14.75 g/t Au over 2.3 metres in Hole BL-23-102.
๐ค๐ผ Delta Hits Bonanza Grade in Canada
Highlights:
1636 g/t and 697 g/t Gold over 1.0 Metre Intervals
They also hit visible gold in the core of their second phase of drilling announced April 24, 2023. Canโt be bad.
Go check out the press release above for context and details.
โ๐ผ Best Copper Intercepts
Weโre trying hard at a reverse-jinx here, bear with us.
Weekly copper drilling highlights
โ MinerDeck (@MinerDeck)
1:36 PM โข May 11, 2023
Happy Speculating!
The Editor
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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